HUNT'S RUN OUT OF GAS
Daily Record|March 01, 2024
Chancellor to 'steal' Labour pledges for energy windfall tax and non-dom axe
GRAHAM HISCOTT
HUNT'S RUN OUT OF GAS

JEREMY Hunt is said to be considering poaching another Labour policy by extending a windfall tax on North Sea oil and gas producers.

Reports say the Chancellor is weighing it up as another way to fund tax cuts for workers in next week's Budget.

PM Rishi Sunak introduced the Energy Profits Levy in May 2022 when he was Chancellor.

Hunt increased it to 35 per cent from January last year and said it would run until March 2028.

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Esta historia es de la edición March 01, 2024 de Daily Record.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.